Seeking Alpha

Macy's lower after Jan. sales disappoint

  • Macy's (M) announces comparable-store sales rose 1.4% in Q4, a mark which improves to 4.3% if sales from departments licensed to third parties is included.
  • The retailer says it's "very disappointed" with its poor sales performance in January amid harsh winter weather. The month saw a 7%-8% drop in comp sales.
  • Gross margin rate was flat from the year-ago period indicating sell-through prices held up for the company better than most peers.
  • Guidance for comparable sales growth in FY14 is set at 2.5%-3.0%.
  • M -2.1% premarket

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Comments (4)
  • Bouchart
    , contributor
    Comments (798) | Send Message
     
    Might not bode well for JCP.
    25 Feb 2014, 08:54 AM Reply Like
  • spald_fr
    , contributor
    Comments (2796) | Send Message
     
    Mrs spald_fr routinely spends $200-500/mo at Macy's. This month's bill is just under $75. Not sure why as I'm afraid to ask why she's purchasing less.
    25 Feb 2014, 09:17 AM Reply Like
  • Bouchart
    , contributor
    Comments (798) | Send Message
     
    Maybe she ran out of closet space.
    25 Feb 2014, 09:53 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4809) | Send Message
     
    Blame It On The Rain: http://seekingalpha.co...
    25 Feb 2014, 10:22 AM Reply Like
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